is this possible???
I think it should be possible using "offsetting" without even having to bother with a spreadsheet.
First, go to the "Settings" tab, and under "Offsetting Method", choose "Force Offset" and then press "Save Settings". Next, up at the top on Bet Angel, BEFORE placing your initial bet, click the box next to "Offsetting by" along with the one that says "Stop at". Next, count the ticks between 3.50 and 7.00 and enter that number in the box just to the right of "Offsetting by". Then, count the number of ticks between 3.50 and 1.75 and enter that amount just to the right of "stop at" as well as to the right of "Place stop at".
Note that in a fast moving market however, your stop loss could fail to be matched - for example, the market hits 1.75, your stop loss is triggered, but in that split second that it takes Bet Angel to fire your stop loss backing bet at 1.75, the market has already moved down to 1.74 or lower, then your position will remain open. In order to reduce this risk of not matching, use a larger number next to "place stop at" than the number you use for "stop at", so that your stop loss order will be triggered when the market hits 1.75, but placed at 1.70 for example.
And additionally, you'll probably want to also check the "with greening" box to the right of "offsetting by ___ ticks" so that it will automatically adjust your stakes on the bet that is placed to exit your position.
In practice, when you place your lay bet at 3.50, a backing bet at 7.00 will then also be placed automatically. If, however, before your backing bet at 7.00 is filled, the market hits 1.75, then Bet Angel will cancel your backing bet at 7.00 and fire a bet in at 1.75 (or 1.70 or based on whatever settings you specify).
First, go to the "Settings" tab, and under "Offsetting Method", choose "Force Offset" and then press "Save Settings". Next, up at the top on Bet Angel, BEFORE placing your initial bet, click the box next to "Offsetting by" along with the one that says "Stop at". Next, count the ticks between 3.50 and 7.00 and enter that number in the box just to the right of "Offsetting by". Then, count the number of ticks between 3.50 and 1.75 and enter that amount just to the right of "stop at" as well as to the right of "Place stop at".
Note that in a fast moving market however, your stop loss could fail to be matched - for example, the market hits 1.75, your stop loss is triggered, but in that split second that it takes Bet Angel to fire your stop loss backing bet at 1.75, the market has already moved down to 1.74 or lower, then your position will remain open. In order to reduce this risk of not matching, use a larger number next to "place stop at" than the number you use for "stop at", so that your stop loss order will be triggered when the market hits 1.75, but placed at 1.70 for example.
And additionally, you'll probably want to also check the "with greening" box to the right of "offsetting by ___ ticks" so that it will automatically adjust your stakes on the bet that is placed to exit your position.
In practice, when you place your lay bet at 3.50, a backing bet at 7.00 will then also be placed automatically. If, however, before your backing bet at 7.00 is filled, the market hits 1.75, then Bet Angel will cancel your backing bet at 7.00 and fire a bet in at 1.75 (or 1.70 or based on whatever settings you specify).
nomadic wrote:I think it should be possible using "offsetting" without even having to bother with a spreadsheet.
First, go to the "Settings" tab, and under "Offsetting Method", choose "Force Offset" and then press "Save Settings". Next, up at the top on Bet Angel, BEFORE placing your initial bet, click the box next to "Offsetting by" along with the one that says "Stop at". Next, count the ticks between 3.50 and 7.00 and enter that number in the box just to the right of "Offsetting by". Then, count the number of ticks between 3.50 and 1.75 and enter that amount just to the right of "stop at" as well as to the right of "Place stop at".
Note that in a fast moving market however, your stop loss could fail to be matched - for example, the market hits 1.75, your stop loss is triggered, but in that split second that it takes Bet Angel to fire your stop loss backing bet at 1.75, the market has already moved down to 1.74 or lower, then your position will remain open. In order to reduce this risk of not matching, use a larger number next to "place stop at" than the number you use for "stop at", so that your stop loss order will be triggered when the market hits 1.75, but placed at 1.70 for example.
And additionally, you'll probably want to also check the "with greening" box to the right of "offsetting by ___ ticks" so that it will automatically adjust your stakes on the bet that is placed to exit your position.
In practice, when you place your lay bet at 3.50, a backing bet at 7.00 will then also be placed automatically. If, however, before your backing bet at 7.00 is filled, the market hits 1.75, then Bet Angel will cancel your backing bet at 7.00 and fire a bet in at 1.75 (or 1.70 or based on whatever settings you specify).
As a newbie I have tried to do this using the new settings could someone help me understand how to do this in plain English please thanks in advance